Prominent XRP lawyer John E. Deaton shares a bullish outlook for XRP prices, predicting a frenzy once XRP crosses $2. His forecasts align with other crypto analysts who share optimistic views for the digital currency.
XRP, the native token of the Ripple network, is trading at around $0.481, down from its all-time high of $3.84 in January 2018.
Despite the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), which has resulted in many exchanges delisting or suspending XRP trading, some XRP supporters remain optimistic about its future.
Deaton has expressed high optimism for the future of XRP, Ripple’s digital currency. He foresees a significant surge in XRP’s price, expecting the fear of missing out (FOMO) to drive a wave of investment once the price crosses the $2 mark​.
John Deaton has earned the respect and attention of the XRP community due to his in-depth understanding of the legal complexities surrounding the cryptocurrency and his unwavering belief in its potential.
He has emerged as a leading voice in the community, sharing insights and predictions that have garnered significant attention on Twitter.
As of today, XRP is trading at $0.48, marking a slight change of -0.56%. Despite the volatility inherent in the cryptocurrency market, Deaton’s prediction offers a positive outlook for the digital asset.
As anticipation builds around the potential for a surge in XRP’s price, the market closely watches the developments surrounding Ripple’s legal situation.
Other Analysts Echo Deaton’s Predictions
Deaton’s bullish forecast aligns with several other crypto analysts closely tracking XRP’s price. A pseudonymous cryptocurrency analyst known as Dark Defender has predicted a target price of $1.3 if XRP crosses the crucial $0.50 mark by August.
Looking at XRP’s long-term prospects, another analyst expects the digital currency to reach a maximum of $1.104 by the end of 2023 and potentially cross the $5 mark by the end of 2030, given the potential price surge​​.
The ongoing SEC lawsuit against Ripple has significantly influenced the trajectory of XRP. While previous predictions suggested that XRP could reach prices as high as $20 to $30 in 2020, regulatory challenges have prevented these projections from materializing.
However, with the expected Ripple vs SEC court battle to conclude soon, he expressed his confidence that XRP will achieve its actual value.
Deaton’s prediction is based on his belief in the potential of XRP and its use cases, such as cross-border payments, remittances, and micropayments.
He also has a keen understanding of the legal landscape surrounding XRP and has been actively defending its status as a non-security.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information provided is based on publicly available sources and does not reflect the views or opinions of Binance or its affiliates. Cryptocurrencies are volatile and involve high risks. Do your own research and consult a professional before making any investment decision.
